The new method monitors how people behave and how their wallets are connected. This allows you to find complex fraud schemes that used to be difficult to notice. The author of the method is the student of Mıptsey Steplin.
The main task of the new vehicle is to deal with Sybil-Kseli (false accounts) that scammers can organize in complex crypto currency networks. The attackers said, “Within the framework of advertising shares of crypto projects known as AirDrop (free distribution of digital assets), such fake wallets can ruin the reputation of the project, reduce the cost of digital money and deceive people. Although they have already tried to fight it before, the methods were not the most effective.
Now experts have used complex algorithms to analyze various data and find hidden connections. The new method successfully controlled in practice. It was used in the competition organized by Katan Zero project. As a result, they found great fraud plans and canceled illegal payments for $ 10.2 million. Step is sure that this method can be used in different systems associated with crypto currencies.
“My algorithm analyzes dozens of parameters: from behavioral models and cross-assets to the network bonds between wallets. This allows you to identify even complex clusters without being noticed using standard methods. Algorithm showed 90%accurate and showed 45-60%activity at the level of 45-60%.
Source: Ferra
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